GB prices rose by 15.3p/kg, or 5.4%, over the same period, but sterling weakened from €1.18 in the first week of March to €1.14 in April, “This has the impact of rendering UK goods cheaper in the eurozone.” In euro terms, GB prices only increased by 7.7c/kg, or 2.3%, bumping the GB up from 10th to 6th in the price league table, at an average of 337.3c/kg deadweight (£2.99/kg).

Northern Ireland values also improved, rising by 2.7% in sterling terms. However, currency fluctuations meant this equated to a 1c/kg fall in euro values. “This obviously renders NI beef more competitive from the perspective of eurozone buyers and NI has fallen from 7th to 10th in the league table.”